June 30, 2016, FBAR Filing Deadline Is Quickly Approaching
Expats, recent immigrants, investors, and travelers understand that foreign accounts, investments, and other assets can be held for an array of reasons. In some cases, ...
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What Should I Do If I Received a Letter or a Notice of Audit from the IRS?
The second half of April is often redeemed by the fact that it’s the first time in the year that many individuals can avoid thinking ...
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Last Minute Tax Filing Tips for Taxpayers in Los Angeles, California
Most taxpayers do not relish thinking about taxes, preparing taxes, or filing their taxes. Therefore, many taxpayers attempt to minimize the amount of time they ...
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Taxpayer Beware: Cancelled Debts from Student Loans, Foreclosure and Other Events Can Have a Serious Tax Impact
Unfortunately, taxes and the tax treatment of an array of an array of income and other events are anything but simple and straightforward. However, the ...
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Your Unclaimed 2012 Tax Refund Is About to Disappear, But your Liability for Unfiled Taxes Will Remain
According to recent statements by IRS Commissioner John Koskinen, there is a significant amount of money that taxpayers have left on the table from the ...
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3 Things Every Taxpayer Should Do to Decrease Their Tax Audit Risk
At the Hoffman Law Offices, one of the most commonly asked questions by clients and potential clients is what they can do to decrease the ...
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If Your Income Is Greater Than $1 Million, You Face a One-In-Ten Chance of an IRS Audit
Taxpayers frequently want to know what their audit risk is and how likely they are to face a tax audit in a particular year. The ...
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Failure to File 1099s can Result in Additional Scrutiny, Potential Audit for Taxpayers
In years past, it may have been common for individuals to receive a single W-2 from their employer. This made filing taxes relatively simple and ...
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What is a 1099-INT? Why Did I Receive this Tax Form?
Taxpayers across the nation have already received an array of tax forms. While many of these tax forms are familiar, many other forms are rather ...
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New OVDP Guidance Issued for Divorced or Separated Couples Who Failed to Disclose Offshore Accounts
In recent years, offshore tax compliance has been a major focus for the IRS. Individuals with foreign accounts that meet certain aggregate account and asset ...
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